Problems Of Dollarising Poverty

This chapter offers a critical analysis of the universal conceptualisation of poverty of si a day through PPP value focusing on the aspects of (1) in-built incoherence of this mechanism for different revised versions of PPP; (2) poor people's realties that make them pay much higher price for a set bundle of goods, in practice, than the suested amount; (3) inability to represent an amount of income for a very basic living cost for poor people in actual realities; and (4) creating pseudo-awareness among non-specialist actors of poverty reduction. This chapter then asks why it was so important to promote a dollarised understanding of poverty for all poor countries when it is evident that poverty cannot be encapsulated in one single framework?